Payment under indemnity Sample Clauses

Payment under indemnity. If a payment under an indemnity in this agreement gives rise to a liability to pay GST, the payer must pay and indemnify the payee against the amount of that GST.
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Payment under indemnity. Seller may pay its liability for any Damages indemnified under Section 13.2.1 (a) in cash, or (b) by delivering to PA&E Shares having a value equal to the amount of the Damages, based on the Fair Market Value of the Shares. The "Fair Market Value" of the Shares means the closing bid price of PA&E's Common Stock on the Nasdaq National Market System on the Closing Date.
Sample 1
Payment under indemnity 
Sample 1

Related to Payment under indemnity

  • Additional Indemnity In addition to, and without regard to any limitations on, the indemnification provided for in Section 1 of this Agreement, the Company shall and hereby does indemnify and hold harmless Indemnitee against all Expenses, judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred by him or on his behalf if, by reason of his Corporate Status, he is, or is threatened to be made, a party to or participant in any Proceeding (including a Proceeding by or in the right of the Company), including, without limitation, all liability arising out of the negligence or active or passive wrongdoing of Indemnitee. The only limitation that shall exist upon the Company’s obligations pursuant to this Agreement shall be that the Company shall not be obligated to make any payment to Indemnitee that is finally determined (under the procedures, and subject to the presumptions, set forth in Sections 6 and 7 hereof) to be unlawful.

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